Research on the Governance Structure and Corporate Performance of Listed Companies-Based on the Internal and External Governance Structure of the Company

In this paper, the Shanghai A-share listed companies' annual reports of three consecutive years from 2012 to 2014 were used as the research samples. through the establishment of regression model, the empirical analysis have been done with the influences of the internal governance structure and external governance structure of listed companies to corporate performance. Hope that through the comprehensive study of internal and external variables, in order to provide data support to the listing Corporation governance structure. The results showed that the proportion of independent directors, executive incentives, institutional investors and other governance structure variables were significantly positively related to corporate performance, and also creditor governance had a significant negative correlation with corporate performance.